Assets Report
Keep track of assets and their current value
The Assets Report gives you a detailed view of your fixed assets, including purchase value, depreciation, and net asset value. You can optionally include depreciation calculations to see real-time asset worth.
View your Assets Depreciation report
On the left-side menu, click Reports.
Under Keep track of Assets Section, Click Assets Report.
Select the date range.
Select the Assets .
Click Generate Report.
Download for a PDF copy.
Select with Deprecaition for Assets was craeted under Auto Deprecaition option
NuMetric Depreciation Method (with Proration)
NuMetric applies the Straight-Line Depreciation method, distributing the cost of the fixed asset evenly over its useful life, starting from the purchase date.
The system assumes zero residual value, meaning the full asset cost is depreciated.
Depreciation is prorated in the first and last months based on the number of days the asset is held during that month.
Why Proration Matters
Ensures accuracy in matching depreciation expense with actual usage time
Aligns with common accounting standards (e.g., IAS 16)